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5 - FNB - Finance and Banking
FNB 206 - Modern Applications of Documentary Credits
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| FNB 206 | 05 August 2024 | 5 Days | Istanbul | Registration Form Link |
| FNB 206 | 02 September 2024 | 5 Days | Istanbul | Registration Form Link |
| FNB 206 | 28 October 2024 | 5 Days | Istanbul | Registration Form Link |
| FNB 206 | 25 November 2024 | 5 Days | Istanbul | Registration Form Link |
| FNB 206 | 23 December 2024 | 5 Days | Istanbul | Registration Form Link |
Please contact us for fees
Course Description
This course is designed to enhance the knowledge and skills of experienced documentary credit professionals. A series of interactive case studies covering areas of key importance including workability of terms and conditions in documentary credits and the correct issuance of refusal notices as well as the use, implementation and practical applications of documentary letters of credits (LC’s) in their many forms and guises.
Course Objectives
- Understanding the fundamental basis and importance of Documentary Credits (DC)
- Differentiating between the various methods of payment
- Knowing the difference between the various types of LC
- Understanding the basic terms of trade and their relevance and importance
Who Should Attend?
- Managers
- Executives
- Corporate and Commercial Bankers
- Risk Managers
- Trade Finance Specialists
- Trade Operations Staff
- Anyone Dealing with international trade
Course Details/Schedule
Day 1
- Overview of Trade Finance
- Principles of trade finance
- Parties to a transaction
- Roles, obligations, interests
- Banks in Trade Finance
- Core Services
- Structured Services
- Importance of banks in promoting commerce
Day 2
- The value proposition
- Regulatory context – overview
- Incoterms
- Jurisdiction
- Transaction/Product overview
- Open account
- Documentary credits
- Guarantees and standby letters of credit
Day 3
- Payment in advance
- Trade finance & risk
- Overview of selected risks
- Mitigation options
- Documentary Letters of Credit – definitions
- Parties to a credit
- Contractual relationships
Day 4
- Confirmed L/C’s
- Terms of payment
- Transferable & Back to Back L/C’s
- Red Clause
- Green Clause
- Confirmed
- Silent confirmation
- Other Features of L/C’s
Day 5
- Documentary Letters of Credit – Applications
- Observations on financing
- Factoring
- Forfaiting
- Buyer/supplier credits
- International Standard Banking Practice
- Transferable credits
- Red & green clause (advance payment) credits
- Revolving credits
- Evergreen credits
- Fraud in international trade
